No Joining Fee, Instant UPI Payments, Big Cashback: Why PaisaSave Credit Card Is Must-Have For Holiday Season

PaisaSave Credit Card: Ahead of the upcoming holiday season, YES Bank and Paisabazaar have launched an upgraded version of the PaisaSave Credit Card. The upgraded version will come with more attractive cashback offers in dining and travel spends.

The upgraded PaisaSave Credit Card offers 6% cashback on spends across platforms, including zero joining fees, instant online activation and exclusive discounts and offers. If you are also looking for a credit card that can suit your travel needs and help you save big on those weekend dine-outs, then here are more details about the PaisaSave Credit Card.

Upgraded PaisaSave Credit Card: How is it Different?

The upgraded credit card offers better cashback and rewards on dining and travel expenses. Additionally, it provides features like exclusive discounts, zero joining fees, hassle-free activation, etc.

BIG Cashback

The refreshed card will offer 6% cashback on selected food and travel platforms, up to Rs 3,000 per month. The upgraded credit card will also offer double-digit funds during the pandemic, positioning the card. As per the company website, people can get the 6% cashback across all travel as well as dining spends.

Zero Joining Fees

The credit card comes with zero joining fees and an annual fee of Rs 499 from the second year onwards. However, there is zero annual fee for the Rupay Credit Card category.

Instant Virtual Activation

It will not take hours for the PaisaSave credit cardholders to activate their credit card. As per the website, people can execute their instant virtual activation.
The product is aimed at consumers who prefer digital payments for everyday use but still want a physical card option. Dining and travel spends have been rising in double digits since the pandemic, and the partners are positioning this card around those two categories while still rewarding general online, offline and UPI transactions.

Monthly Cashback

The 6% cashback discount is applicable to a monthly cashback discount of Rs 3,000 (maximum limit for a month). The cashback offer can be applicable on platforms like Zomato, Swiggy and EazyDiner for food, and MakeMyTrip, Goibibo, Airbnb plus hotel chains including Taj, Marriott and Radisson for travel.

Once the monthly 6% cashback ceiling of Rs 3,000 is reached, dining and travel transactions still earn 1% cashback.

UPI Cashback

All other eligible spending, whether online, at physical shops or through UPI, also receives unlimited 1% cashback. This makes the card suitable as a primary payment tool for everyday purchases beyond just trips and meals.

The upgraded offering is available both as a physical Mastercard and as a virtual RuPay credit card. The virtual RuPay version can be activated instantly after approval and supports UPI-based credit payments, allowing cardholders to use credit on UPI apps rather than relying only on traditional card swipes or online card entry.

"You can get this credit card in physical as well as virtual form. The physical card is available on the Mastercard network, while the virtual one is a RuPay credit card which can be used to make UPI transactions. You can get the YES BANK Paisabazaar PaisaSave RuPay Credit Card without any extra charges as an accompaniment to the Mastercard variant by opting for it at the time of card application. With the RuPay variant, you can earn 1% cashback on UPI transactions above Rs. 2,000," Paisabazaar said in a statement.